tv Varney Company FOX Business October 30, 2024 10:00am-11:00am EDT
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stuart: i am not sure where this fits in, somebody is happy. neil: are not happy? stuart: i am. good morning, it is 10:00 eastern. the markets now edging higher. dow dollars up 126. i will show you five stocks adding one hundred 75 points to the dow, visa, unitedhealth, american express, look at the 10 year treasury yield. it has been going up, now it has come down a little bit. below 4. 4%, 4. 20 one%. one%. the price of oil $68 a barrel. bitcoin this morning, $72,000, $1300 from its all-time high. just received the latest read on pending home sales.
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lauren: as 7. 4 one% rise one% rise in september an economist at the national association of realtors says this is encouraging as supply is added to the market but rates will hit 5.9% next year and 6.1% in 2026 while prices also rise. you might have more supply out there but prices are up, wake up. stuart: thank you very much indeed. now this. on september 9, 2016, right before the election, hillary clinton made her basket of deplorable speech, she said half of trump supporters were racist, sexist, homophobic, xenophobic, islamphobic, insult aimed at trump voters, president biden made his own deplorable speech, he called trump supporters garbage. that was the word used by one
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speaker at madison square garden to describe puerto rico. biden said the only garbage i see floating around his trump supporters. the white house tried to walk it back but it was too late, biden's hatred of trump cloud his judgment but his comment fits in with kamala harris's closing argument. she told her audience trump is a petty tyrant, unstable, obsessed with revenge, a dictator. days before the election, that's where harris's campaign has landed, demonize your opponent, not how good i will be, it's how bad he is. the thing is we don't know what she brings to the table, if she would be different from biden, there's not a thing that comes to mind. so she's locked in to all the failures of the last four years, she had a chance to open up. she was invited onto the joe rogan podcast, could have told her story like trump did last night but put on acceptable conditions on the interview so
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it is not going to happen. we don't know who she really is but we do know that what we supposed to be a message of hope has descended into fear mongering and trump patron. after hillary's deplorable's speech, she lost to donald trump. you should not insult half the country. second hour of varney just getting started. ♪ stuart: time to listen to the full soundbite of president biden suggesting trump supporters are garbage. role that tape. >> president biden: puerto rico, in my home state of delaware, good, decent, honorable people. the only garbage i see floating out there is his supporters, his demonization is unconscionable and un-american. stuart: the white house tried whacking back biden's comments saying the president referred
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to the hateful rhetoric of the madison square garden rally as garbage. brian brenberg with me, was that a basket of deplorable's moment? brian: i want to modify, hatred of trump has clouded biden's judgment. i would also say hatred of trump reveals what is really in a person's hard and what biden said is in his heart about the people in this country who don't agree with him and it matters because it's the same with kamala harris, she is on the trail and chosen the rhetoric of fascist, of dictator, petty tyrant. that's not about her. that is revealing in her heart what you think about the people in this country, half the country who align with donald trump because of what he has done, not what he said. stuart: interestingly put. lauren: anger, that rage, seems to be in the white house. brian: i don't think it is anger and rage but the cold
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calculation of what they think which is why it is scary. it is not emotional. it is intellectually, ideologically what they think. stuart: the literal media with fear mongering of donald trump. >> this is called normalization. this is the dissent into fascism if we so choose. >> you and i might be sharing a cell in 6 months or now. >> women's reproductive healthcare and freedom is hanging in the balance next tuesday. the stakes literally are life-and-death for every woman in america. that is not hyperbole. stuart: are voters going to believe this? brian: they won't because they understand this. desperation is revealed. when you get desperate, you say things like this because you -- this is so important for america to see, when the desperation comes, when these
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guys backs are against the wall, this is where they go. it is why they take a political opponent and send him to court and try to sue him into oblivion because they think this is at the core of what they believe. this is not a motion. this is reality for them. stuart: stay right there. this just coming at us. the supreme court has ruled on the virginia voter rolls case. what we have? lauren: a win for governor glenn youngerkin, the supreme court ruled that 1600 mostly noncitizens can be removed from the voter rolls, the three liberal justices on the high court dissented. a district judge had rules that have purged violates federal law since it's close to election day. also want to tell you in the largest swing state, pennsylvania, a state supreme court allows voters to cast
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provisional ballots if their mail ins had mistakes on them. errors. republicans are asking the us supreme court to block that ruling that would nullify those votes. we are talking about two cases in two key states before the race. imagine what could happen after election day. stuart: i hope not. i hope we get a decision on tuesday night. lauren: decisive followed by concession. we want decisive followed by concession. let's hope we get that. back to the money, the markets. we have some green, dow is up 150 points. eddie ghabour, what makes you say this is a trump rally? >> i think when you look at what is happening in the bond market, a huge acceleration in rates. i don't think it's a coincidence that as his odds of gotten stronger and stronger in favor of him winning you see the bond markets signaling that
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growth is accelerating in the future as well as inflation and when you look at bitcoin, that is a direct reflection of that as well because donald trump is considered to be bullish for crypto and when you look at financials and those three areas, it is one reason you see continued acceleration in these areas. my one concern is we don't get a clear-cut winner on tuesday, we could see and unraveling of that trade, that uncertainty and i would look to be buying in those areas. stuart: meta reports after the bell this afternoon, the moment the stock is up $3, 0.6%. would you expect to be buying more after we get those results? i know you like meta. >> 4% to 5% on clients based on risk tolerance. if we get a selloff due to earnings we will add to that position. i would like to get the 6% to 8%. i don't know if we will see that.
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if it has a big rip post earnings, we will be patient and wait for next week or the week after when we get a reprieve because we always get one. stuart: why do you like it so much? >> one of the areas with meta is the ad revenue. if we don't go into a recession, the bond market, we see an acceleration of growth, you will see a lot of small business advertisement as well to benefit meta-blooge spending, if they are able to monetize ai, a lot of companies are talking about a i but few are able to monetize it. way could be a big winner here. stuart: i want to bring up, i put some money into the cues,? q, my way of investing in big technology companies. you like it too, don't you? >> we do. it's a way to get broad-based exposure especially for
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investors that aren't confident enough to bet on one name. we have anywhere from 15% to 28%, that is a way to get less risky but still get exposure, with earnings. stuart: thanks very much. always good to see you. the nasdaq hit a new all-time high. lauren is looking at redit which is certainly a mover. lauren: shares hit a record high. thank you artificial intelligence, we deals with google and open ai to use redit user content to train their ai systems. they came out, boosted revenue forecast for the current quarter and stocks up 37%. a one tell me about shake shack. it is up 11%. what's the story? lauren: pricing power, going
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all the time, prices are superhigh, go to the chaos can, one hundred dollars, they raise prices in march, did so again this month. they are not saying they are not ruling out additional price hikes. it is working. we are paying. they have those kiosks where you place your own order that saves them money on labor and up sells to you, you usually purchase more or more expensive items. stuart: you can spend $100. brian: my kids better be well behaved. stuart: we've got to get to visa. is the stock up? >> real-time money movement essentially. stuart: thank you. still had. pollster franklin's says kamala harris is making a big mistake. >> a focus on trump rather than herself. at what point is she going to tell the american people what she is about? only 7 days to go.
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i wonder if she's too late. stuart: liz peek has a lot to say. trump made this promise to victims of migrant crime. >> seizing the assets of the criminal gangs and drug cartels and we will use those assets to create a compensation fund to provide restitution for the victims of migrant crime. stuart: will ask vice president what he thinks of that. i'm sure he loves it. these next.
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that she disagreed with biden's garbage comment that was made yesterday. are we listening to her? listen. >> assess their needs and their desires. stuart: she is finished but she did say she disagreed with biden's garbage comment. we will get the sound for you as we tape it now. nasdaq is up 42 points. some green out there. look at dropbox cutting 20% of the workforce, that is 528 employees. the stock is up. take a look at supermicro. earlier, they were down 30%, they are taking after their auditor, ernst and young the, resigned. the ballot in arizona is so long that voters say it is taking 35 minutes to fill it out. ballot counting on election day
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takes a long time. >> reporter: elections officials are telling us it will take 13 days for that count. the ballot in this county. two pages, double sided with 79 contests, from president to school boards and 13 state propositions including abortion access and immigration which we've been talking to early voters, it's taking time to fill out the ballot. >> 30 minutes. most of the things, last-minute research. >> took me 20 to 25 minutes. it was really smooth. >> reporter: officials are urging folks to continue to voter leander they are already reporting record turnout. 1 million ballots have been
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received in maricopa county and bracing for a record amount of people to vote in person on election day. that means long lines, slowed down by the long ballot. >> we have put a great plan in place to keep those lines as short as possible but people need to make a plan and we've given people tools to avoid those to the extent that there are long lines, they can avoid them. >> reporter: that could mean more scrutiny under arizona election laws on election night. the first batch of results will be from those early votes returned by this friday which is why harris and trump will be in arizona tomorrow to push people to drop those early ballots off by the end of the week. stuart: sure is a long ballot. thanks very much. donald trump announced a new plan to compensate victims of migrant crime.
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>> today, i am announcing that for the first time under my administration we will be seizing assets of the colonel gangs and drug cartels. [applause] >> we will use those assets to create a compensation fund to provide restitution for the victims of migrant crime. the government will help them with restitution. stuart: art, i know you love this. you got to love this but can you nail down the cartel's money? how do you seize the assets of the cartel? >> you go after them like you do with the federal statute act. you take their assets because this is the only way that is going to work, got to hit them in their pocket book. they face minimum consequences and under the current administration they haven't faced any consequences.
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it has been a free for all. they've amassed billions and billions. this is the proper way to go after them. that the only way to come after these cartels and drug smugglers. stuart: kamala harris is talking mass deportations. watch this. >> when i was attorney general of a border state, i saw the chaos and violence caused by transnational criminal organizations that i took on and when i am president, we will quickly remove those who arrive here unlawfully, prosecute the cartels and give border patrol the support they so desperately need. stuart: can you see harris deporting millions of people?
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>> reporter: just word salad but it is the most sincere form of flattery, they try plan a which is creating this mess, plan e which is pretending it doesn't exist, plan c, bringing up something, does it work, plan the is follow the leader or follow the real leader because the only way they will fix it is what the last administration did. it is insane to me, what is next for her? she is going to play ymca and practice some of donald trump's dance moves but i think the american public knows it is just word salad. stuart: back to something we told you moment ago about kamala harris responding to biden's garbage comments. listen to what she had to say. >> the comment about garbage? >> i think first of all he clarified his comments but let me be clear. i strongly disagree with any
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criticism of people based on who they vote for. you heard my speech last night and continuously throughout my career. i believe that the work that i do is about representing all the people, whether they support me or not. as president of the united states i will be a president for all americans whether they vote for me or not. stuart: she says biden clarified it but she strongly disagrees with biden's garbage comment. right before the 2016 election hillary clinton made her basket of deplorable's comments, days before this election president biden made his own deplorables comment and you are the reaction to it. he called trump supporters garbage. liz peek has something to say about that in our studios. here she comes. ♪
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>> at or more members under its medicare advantage. lauren: i know them as the gps. they make wearables, heart rate monitors. and management is putting confident going into the holidays. stuart: what is the problem with caesar's entertainment. lauren: stocks down 7.4%. they were hurt by competition at some of their properties. stuart: trump will campaign in north carolina and wisconsin. bill melugin is in north carolina. he is with us this morning. what are we going to hear from trump today? do you think he will bring up the garbage comment from biden? >> i assume that he will want
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to respond to to that. in north carolina and another in wisconsin. it is likely he will want to talk about that. in pennsylvania last night, take a listen. >> moments ago, joe biden stated that our supporters are garbage. stuart: hillary said deplorable and then she said irredeemable, right? she said deplorable. that didn't work out. garbage i think is worse. >> reporter: jd vance reacting, he posted on x this is disgusting. kamala harris and joe biden attacking half a country. there's no excuse for this. i hope americans reject it. this morning tim walz was asked if biden's comments undercut the harris campaign message on unity. take a listen. >> i think the frustration we've seen since january 6th, the frustration with donald
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trump's rhetoric of division does fire passions, speaking about the rhetoric. >> reporter: trump is here in north carolina, at one:00 eastern time, the fifth campaign event in north carolina since last week. then fly to green bay, wisconsin for another rally, joined by a special guest, legendary former packers quarterback brett favre speaking at that event. nikki haley may campaign with trump, on fox last night, she hasn't spoken to trump since june. >> very aware that we are on standby. that we would be there to help with some fundraising, text messages and those types of thing. we are on the same team. >> reporter: we got some
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updated voting numbers, 3. 2 million north carolinians cast their ballots early. that represents 40% of all registered voters in the state. stuart: thanks very much. back to president biden suggesting trump supporters are garbage. watch it again. >> president biden: puerto rico, my home state of delaware, good, decent, honorable people. the only garbage i see floating out there are his supporters, his demonization is unconscionable and un-american. stuart: the white house tried to walk it back, they say the president referred to the hateful rhetoric at the madison square garden rally as garbage. liz peek with me now. we heard from kamala harris, she strongly disagrees with biden using that word garbage. so the rift between the president and the vice president is extreme. liz: how comforting that she doesn't think half the country
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is garbage. good to know as she is running to unify the country, supposedly. we are supposed to take seriously a joke made by a so-called insult comedian at madison square garden about puerto rico but dismissed totally what biden clearly said. this is, how many times have we been told not to believe what we actually see? it is so preposterous. this was obviously, if you are calling trump hitler which biden has been doing at a nazi and a fascist, for the last two weeks, you have to agree that his followers follow the same puddle of deplorables and garbage et cetera. what i want is tomorrow on halloween for hundreds of thousands of americans to go to their local hardware store, buy a garbage can, and go as a garbage can.
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i think that would be so fabulous. stuart: i wonder if we will have takers on that. liz: i am going to do it. stuart: i want the video. liz: i will probably get mugged in new york city. stuart: the pollster frank luntz said about harris's negative attacks on trump, role that tape. >> the campaign is going more and more negative on trump. using trump's own words against him. it is a focus on trump rather than herself. at what point is she going to tell the american people what she is about? she still hasn't said what she's going to do. unless i missed it. in the first hour of her presidency, the first day of her presidency, the first week of her presidency, she only has seven days to go. if she's too late. liz: from the beginning they knew the only thing she had to sell was hatred of donald trump and that is a tragic thing. the slicing and dicing of the population and the negativity, that is what she has been
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running on. there hasn't been any deviation from that. she was talking about her speech last night, how she's going to turn the page, what is she going to do. people still want to know, not just me saying this, that's what the polls show, they don't know really what she represents and we all know it is because she is afraid to admit that she is an extreme progressive democrat. that is what she was in 2019, that was in the dark ages but five years ago, that is what she is. stuart: thanks for joining us. brian brenberg. why do you think harris went from joy to negativity? brian: i don't think she was ever at joy. very thin veneer that melted as soon as the campaigning started. you want to say you are joyful. the amazing thing, kamala harris has given up on how kamala harris. everything is in the basket who
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donald trump is in her mind. and stuart: visit special election night coverage starts tuesday. 5:00 pm eastern kicks off. trump is giving a message of hope. >> i'm here with a message of hope for all americans, make a golden age. stuart: bill the greatest economy in the history of the world. stuart: it seems trump is campaigning on joy while harris resorts to demonizing her opponent. what a switch. talk about that a little later. harris pushed back against claims the campaign is struggling with the black male vote. >> what your strong push 20 black man, not speaking direct
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stuart: the harris team believes a victory in michigan, crucial state would come through detroit. alexis mcadams is there. it is trump who is gaining ground among key demographics in detroit, isn't it? >> he is making ground in black and arab voters and those are two major and key demographics both candidates are trying to win over in this battleground state. they could swing this entire election in michigan as it is
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coming down to the wire. where i am in detroit, michigan black voters make up 80% of the population in this major city kamala harris doing everything she can to connect with voters but i went to the west side and talked with a pastor who said people in the black community feel they've been left behind by the democratic party. watch. tell me about this specific neighborhood. >> talking about the highest poverty. once and epicenter for the auto industry, now a place that you can't even walk down the street without being concerned for your safety. >> reporter: pastor lorenzo sewall is a pastor at a church on the west side of detroit, a neighborhood he says is in major decline and is happening across the motor city. donald trump has promised a michigan miracle. pointing to some issues in detroit vowing to bring back the auto industry and revive the downtown. vice president harris believes
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a victory in michigan has to go through detroit and she is working hard to gain support on the ground in michigan but the shift with key demographics and voters comes as donald trump is successfully attracting nontypical republicans in michigan making recent gains with arab voters which led to fear mongering by some democrats in michigan. >> the arab american community needs to be reminded and cannot forget that he wants to ban muslims, deport muslims and start internal camps. >> reporter: she's talking about internment camps. the arab community in detroit is excited for going in a new direction when we talk to people on the ground especially in dearborn, michigan and dearborn heights, michigan. the latest poll from usa today that came out this morning shows this is a dead heat, vice president kamala harris at 47% and donald trump at 47%. the other 1% in michigan is going to rfk junior because they won't take him off the
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ballot. stuart: thanks for joining us. kamala harris pushed back on accusations she struggling with black male voters. >> reporter: she called the breakfast club to deny that. >> any black man, not speaking directly to them. >> rather than saying that, i was in the barbershop in philly talking with distinguished men who are leaders, these black men talking about their support for my perspective on what we can do that lift up the community. >> reporter: she was caught, struggling with mail voters. she has targeted black mail voters with the opportunity economy. she sent president barack obama to talk to that demographic.
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do they come home in 6 days to the democratic party? obama, 95% of the black vote in 2,008 and biden got 90% of it. what does she get, how much does donald trump take? stuart: she needs 80% to win. next one for you. world series, the yankees extended the series after winning game 4 of the dodgers but biggest news was something a fan did. lauren: the stuff you can't plan for, yankees fans took game 4 of the series into their own hands, watch this. >> that is in the corner. fights with the fan and they will say it is an out and fan interference and that, tries to take his glove off.
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>> reporter: throws it back on the field. the umpire calls a batter out. the fan out too ejected from the game, yankees when. 7:00 eastern on fox. stuart: brian brenberg, you know a lot about baseball, seem to be those guys, the yankees fans tried to get the ball so they could sell it. am i wrong? >> don't know if they wanted to sell it but they wanted it out of the glove because they didn't want the batter to be out. they are probably 10 beers in so i don't know how much thinking was going on at this point. it's the most perfect encapsulation of a rabbit yankees fan. >> your comment is an encapsulation of how you think. it's all about the money. >> those fans want today when. let's move on. still had kamala harris made
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her last major speech before the vote next week, claimed to be a unifier but there was an undertone of trump hatred. how do you unite the country when you spent four years dividing it, that's "my take" on top of the hour. dhs employee warned colleagues that tim walz's nomination feeds into china's efforts to influence washington. house oversight committee chair james note comeer on that next.
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stuart: look at the market go, the all-time high backed off a little. it 34 points, dow up one hundred 50. show me the nasdaq winners, predicted the index one all-time high. google is up $9, 5.5%. mungo db up 11, 4%, clear rate energy and electronic arts. unofficial at the department of homeland security warned governor tim walz's vice president nomination feeds into china's efforts to influence
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washington dc. oversight committee chair james comber joins me now. what is his connection to the chinese communist party? >> he has been there more than any american politician. we know that he has given speeches and spoken favorably about the chinese communist party and how they operate which should be concerning to every american because china is our biggest adversary, a communist country but the most important thing, we know there were intelligence officials and officials in the department of homeland security that were concerned about tim walz being influenced by china long before kamala harris selected him to be vice president. we also know there is information memorialized in classified and unclassified documents pertaining to tim walz and his close relationship with china. we have asked for those documents, subpoenaed those documents and for the life of me i don't understand why the
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department of homeland security won't turnover those documents and clear this up before the election. stuart: they handed over those documents at this point? >> they have not. we have shown an email from the source or whistleblower that shows there were officials that were communicating in shock when harris picked tim walz. this is very concerning about national security and if there is nothing wrong i don't know why alejandra mayorkas's administration won't turnover those documents. stuart: the new york times reports trump family members and biden staffers were targeted by china linked hackers. what more do we know about this and what's the significance of these tax? >> it is very significant, china is our biggest adversary. they are obsessed with russia but at the end of the day, our biggest adversary is china, in better financial shape than we
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are. we know they are hacking into political figure accounts, they targeted the trump administration, targeting the biden/harris administration, china is playing dirty like they do in trade, they met up you later currency, and they are trying to influence our elections. we when can i ask this? don't we do the same thing? haven't we tapped into vladimir putin's phone? can't we do that? >> i hope that we are. we spend a lot on intelligence communities but i don't think we are influencing the chinese, the russian elections or anything like that, we are not stealing russia's intellectual property, we are not creating, trying to steal jobs from china, steel patents from russia or steal jobs from
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russia. this is china. china is having an adverse effect on our economy, trying to do the same thing in our political system. stuart: thanks for being with us. we appreciate it very much. brian brenberg with me. how does america respond? brian: they are tapping into our telecommunication networks. start by not buying so much of their telecommunications and cyber stuff, tariffs are part of what trump is trying to do. if you do this stuff, we will cut you off or make it hurt. stuart: no huawei equipment. brian: not to spy on presidential candidates during an election. stuart: i want to thank you for spending time with us and tell everyone you will be hosting a special edition of "the big money show" on monday next week. it's called "the big money
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show," economy on the ballot beginning at 1:00 pm eastern monday. still ahead. kaylee maggie white on kamala harris saying trump is obsessed with revenge. kurt volcker on ukraine struggling to survive, not win. the liberal media ramping up fear mongering about trump's reelection. the 11:00 hour is next. ♪ ♪ meet the traveling trio. the thrill seeker. the soul searcher. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down.
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planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >> he needs to drive home the point, this is this is what the left, kamala harris' party, thinks of you k. and they've said this time and time again. >> tracking at close to 3% growth is way better than any economist anticipated at the beginning of the year. so as a stock market investor, stuart, i like it. >> donald trump was president and never if prosecuted a single one of his political points. under the biden-harris administration, literally more than a thousand political points have been prosecuted. >> you have a situation in the past year the government has spent nearly $2 trillion more than it took in in terms of ta
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